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Sullivan, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Sullivan, Illinois Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Sullivan MO Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Sullivan MO Properties: 1.0900%

πŸ“Š Average Income For Sullivan MO Commercial Property: $30,372

Investor Questions For Sullivan MO

Common questions from investors exploring commercial real estate in Sullivan MO.

What's the overall investment potential of Sullivan, MO, considering its demographics and economy? +
Sullivan, MO's population of 7,625, with a median age of 30.8 and median household income of $30,372, suggests a relatively stable market. The poverty rate of 17.8% is somewhat mitigated by an employed population of 2,599 and a health insurance coverage rate of 86.8%, indicating a degree of economic stability and access to healthcare for residents.
How does the city's ethnic diversity and industry landscape impact real estate demand? +
The top ethnicities in Sullivan, MO, being White (48.1%) and White Non-Hispanic (47.7%), alongside a diverse industry base including Public Administration, Transportation & Warehousing, and Professional Services, suggest a multifaceted demand for housing. This diversity can contribute to a resilient rental market, as different industries and communities have varying housing needs.
What are the implications of Sullivan's commute times and health insurance rates for investors? +
The average commute time of 26.8 minutes, with top methods including driving alone, carpooling, and walking, indicates relatively convenient transportation options. Combined with a high health insurance coverage rate of 86.8%, this suggests a quality of life that could attract and retain residents, potentially benefiting real estate investors through stable occupancy rates.
How do poverty rates and income inequality affect the rental market in Sullivan, MO? +
The poverty rate of 17.8% and a GINI coefficient of 0.445 suggest income inequality, which can impact the rental market. However, the median household income of $30,372 and an employed population of 2,599 provide a foundation for rental income stability, especially when considering the relatively low median property value of $110,000 and median property taxes of $1,584.
What role does homeownership rate play in Sullivan's real estate investment landscape? +
A homeownership rate of 57.0% in Sullivan, MO, indicates a significant portion of the population owns their homes, which can influence the rental market. This rate, combined with the city's median property value and taxes, suggests opportunities for investors to capitalize on rental demand from the remaining 43% of the population, particularly those in the employed workforce across the city's top industries.

Sullivan MO Real Estate & City Facts

Key facts and real estate information about Sullivan MO.

What are some of the best neighborhoods to live in Sullivan? +
Some of the best neighborhoods to live in Sullivan include the area around Meramec State Park, which offers beautiful scenery and outdoor activities. Other neighborhoods, such as those near the city center, offer a more urban feel with access to local shops and restaurants. According to reviews on Niche.com, Sullivan has a friendly, small-town atmosphere with a strong sense of community, good schools, and local businesses.
What are some fun things to do in Sullivan? +
There are plenty of fun things to do in Sullivan, including visiting Meramec State Park for hiking, fishing, and camping. The city also has a number of attractions, such as the Fisher Cave, which offers guided tours. For those looking for more leisurely activities, there are several wineries and breweries in the area, including the Peaceful Bend Vineyard and the Muddy Banks Brewery.
What is the food scene like in Sullivan? +
The food scene in Sullivan is diverse, with a range of options to suit different tastes. For those looking for traditional American cuisine, there's the Silo Restaurant, which serves up classic country meals. Other options include Chinese food at places like Du Kum Inn Restaurant, and Mexican food at El Sol. There are also plenty of great food trucks and cafes, such as the Clark Street Cafe and Bakery, which offer a more casual dining experience.
What are the pros and cons of living in Sullivan? +
The pros of living in Sullivan include its friendly, small-town atmosphere, good schools, and local businesses. The city also has a low cost of living and a range of outdoor activities to enjoy. However, some cons include the limited job opportunities and the need for a car to get around, as public transportation is limited. Additionally, some residents have noted that the city can feel a bit quiet and sleepy at times, which may not be ideal for those looking for a more vibrant nightlife.
Is Sullivan a good place to live? +
Overall, Sullivan can be a great place to live for those who value a friendly, small-town atmosphere and easy access to outdoor activities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it has a lot to offer in terms of natural beauty, community, and a low cost of living. As with any place, it's worth weighing the pros and cons and visiting in person to get a sense of whether Sullivan is the right fit for you.
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